NSI has a property portfolio of 44 office properties across The Netherlands with a market value of some EUR996 million. About 56% of its portfolio value is in Amsterdam.
First Sponsor Group has increased its stake in Euronext-listed Dutch property firm NSI. On Nov 28, First Sponsor Group announced that it acquired 920,839 shares in NSI for EUR18.9 million ($26.6 million) or EUR20.50 per share.
The consideration factored in NSI’s underlying property portfolio, the company’s results, dividends, as well as the current office property market conditions in The Netherlands, says First Sponsor in its release.
